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cnbc.com
Australia posts second-quarter growth of 2.1%, beating expectations
The GDP print will allow the Reserve Bank of Australia room to go ahead with its policy tightening as it seeks to curb inflation.
cnbc.com
Japanese green tea giant Ito En surges 8%, defying a broad market sell-off
Ito En shares surged, bucking a broader sell-off in Japanese stocks following its fiscal first-quarter results.
cnbc.com
CNBC Daily Open: Groundhog Day in the Gulf
U.S.-Iran's latest strikes sent oil and bond yields surging, pushed the Fed toward a hike instead of a cut, and drew Putin to publicly support Tehran.
cnbc.com
Trump says U.S. is not forcing Iran to negotiate after fresh round of strikes
U.S. forces completed another wave of strikes against Iran on Tuesday stateside, hitting multiple Islamic Revolutionary Guard Corps sites across the country.
bbc.co.uk
Apple Maps renames Lake Ontario as Lake America after Trump order
The iPhone maker follows rival technology giant Google in relabelling the Great Lake.
bbc.co.uk
Fake 10 Downing Street listing exposes 'unfit' Booking.com, says consumer group
Booking.com said the "limited test" was "not a true reflection of the experience of millions of listings or reviews".
bbc.co.uk
UK long-term borrowing costs highest since 1998 ahead of October Budget
Higher borrowing costs have piled fresh pressure on Andy Burnham ahead of his first Budget.
cnbc.com
We're lifting our price target on Palo Alto Networks as AI-driven cyber demand intensifies
The stock's muted reaction in extended trading Tuesday is not a reflection of the company's results.
cnbc.com
Hugging Face's new duck robot is selling fast. A Chinese chip powers it
The colorful "Microduck" robot from HuggingFace's French subsidiary Pollen Robotics has sold more than 10,000 units since launching on Thursday.
cnbc.com
China dissented from G20 statement opposing 'cheap exports' flooding market, Bessent says
Bessent is leading the Trump administration's plan to choke off Iran's economy by threatening its business partners with secondary sanctions.
bbc.co.uk
Range Rover launches first fully electric model
The vehicle is being built at JLR's manufacturing plant in Solihull, in the West Midlands.
cnbc.com
Bessent tells Russia it won't get economic relief until it ends Ukraine war
The meeting underscored Washington's willingness to reopen diplomatic talks with Moscow, as Europe intends to isolate the nation while the war continues.
bbc.co.uk
Will self-flying planes transform the skies?
Autonomous crop-spraying aircraft are leading the way in pilot-free flying.
bbc.co.uk
Soft launches and late sittings - six ways to get cheaper meals out
The cost of dining out is getting increasingly hard to swallow - but clever planning can net you cheaper deals.
cnbc.com
Palo Alto CEO says $1 trillion of cybersecurity infrastructure isn’t ready for AI
Palo Alto CEO Nikesh Arora said AI is forcing companies to modernize roughly $1 trillion of aging cybersecurity infrastructure that isn’t equipped for attacks.
theguardian.com
Fund defence spending from tax rise on middle earners, thinktank tells Healey
Resolution Foundation argues that UK’s internationally low ‘tax wedge’ must rise to pay for defence ambitionsThe chancellor, John Healey, must be prepared to raise taxes for middle earners if he wants to fund significantly higher defence spending, the Resolution Foundation thinktank has said.Healey resigned from Keir Starmer’s government in June, protesting against what he argued was the then prime minister’s failure to adequately fund defence. Continue reading...
cnbc.com
House adopts measure condemning socialism ahead of November election
Republicans also inserted a call to pass the highly controversial voter-ID bill known as the SAVE America Act into the socialism resolution.
cnbc.com
Palo Alto Networks beats quarterly estimates on AI demand, continues acquisition spree
Palo Alto Networks' stock has nearly doubled this year as AI boosts demand for security detection and response tools
cnbc.com
10-year yield hits highest since January 2025 as higher oil prices stoke inflation worries
Treasury yields increased on Tuesday as investors monitored a reignition of tensions in the Middle East.
cnbc.com
GoPro joins AI bonanza with pivot into data centers as shares skyrocket 40%
Action camera maker GoPro is merging with private photonics company Starman Optical and joining the AI wave.
cnbc.com
Pa. Gov. Shapiro says too many data center developers 'don't care about our communities'
A Gallup survey released in May found that "seven in 10 Americans oppose constructing data centers for artificial intelligence in their local area."
cnbc.com
AI token prices are hitting new record lows
A closely followed measure of artificial intelligence token prices touched fresh lows.
cnbc.com
Canada's Carney slaps Trump admin for 'doing memes ... throwing shade'
Canadian Prime Minister Mark Carney said "It's beneath their office' when asked about Trump Cabinet secretaries insulting his nation's military.
cnbc.com
Anthropic changes data retention policy after pushback from customers
Anthropic's Enterprise Frontier Safeguards are a response to customer feedback.
theguardian.com
Hungry bears are wandering into US homes and shops in record numbers – video
Experts say more bears are wandering into human's homes and shops in search of food, due to drought-driven food shortages across the US west Continue reading...
theguardian.com
The Guardian view on the global bond shock: Andy Burnham should take note | Editorial
Japan’s collision with Donald Trump reveals the dilemma facing Britain: economic independence is becoming more necessary – and more tricky to achieve“In the midst of every crisis lies great opportunity” is an aphorism attributed to Albert Einstein. It seems to be taken to heart by this White House. A global bond sell-off sparked by an inflationary shock emanating from the Gulf sees Donald Trump seeking to restrict plans by Japan – a longtime ally – to reduce dependence on an international system America dominates.Japan, a successful exporter, has long done things its own way. For years Tokyo saw off the bond vigilantes despite running enormous deficits and a huge national debt. It demonstrated how a central bank could fund public spending and keep interest rates low if it wanted to. This economic model was refined by Shinzo Abe, Japan’s longest-serving prime minister. However, this week the US treasury secretary, Scott Bessent, called time on Abenomics as his price for US help in stabilising Japan’s currency. Japan’s Sanae Takaichi, he indicated, should shrink her $2tn spending plans and raise rates. Abenomics did not suddenly become financially impossible. It became inconvenient to the issuer of the world’s reserve currency.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
cnbc.com
The $3 trillion oil market is becoming more accessible than ever: No longer a 'rich man's game'
Oil trading is becoming more accessible to individual investors as smaller futures contracts, ETFs and online brokerages lower longtime barriers to the market.
theguardian.com
Private equity keeps picking off London-listed firms – and Westminster barely notices | Nils Pratley
Bodycote is the latest FTSE 250 industrial company set to fall to an overseas bidder, despite the government’s talk of ‘reindustrialising’The UK is in the business of “reindustrialising”, says the prime minister. If we are, an increasing portion of the activity will be under foreign ownership. Tuesday brought yet another overseas private equity swoop on a FTSE 250 industrial firm.This time it’s the Macclesfield-based Bodycote, which describes itself as “the world’s largest service provider of heat treatment and specialist metallurgical technologies” – think, for example, processes and coatings to toughen jet engine blades. The buyer is the US buyout firm Veritas for £1.65bn or 940p a share, or £1.85bn including debt. Unless, that is, the rival bidder, CVC, a European private equity firm, comes back for another bite, which the market clearly thinks is a possibility because Bodycote’s shares closed at 955p. Continue reading...
cnbc.com
Crypto enters September with legislative policy gamble hanging by a thread
Comprehensive industry legislation teeters on the brink amid growing doubts the bill will cross the finish line.
cnbc.com
Softbank's SB Energy files for IPO, says it's 'substantially dependent' on OpenAI
SB Energy hasn't generated any revenue from its data center business, and none of its data centers are operational yet.
bbc.co.uk
Swinney to cut number of health boards from 14 to two
Existing boards could be merged so there would be one for the west and another for the east of Scotland.
bbc.co.uk
US borrowing costs hit fresh highs over inflation fears
The effective interest rate on 10 years rose to 4.79%, its highest level since January 2025, as oil prices surged.
theguardian.com
Mark Carney tells US to ‘start being serious’ amid escalating trade war
Canadian PM is set to retaliate against tariffs levied by Donald Trump and criticized US officials over insultsUS politics live – latest updatesMark Carney has rebuked Donald Trump’s administration and urged officials in Washington to “start being serious” amid escalating trade tensions between the US and Canada.Days before Canada is due to retaliate against Trump’s sweeping tariffs with its own duties on US goods, the Canadian prime minister criticized US officials for insulting his country. “It is beneath their office,” he said. Continue reading...
theguardian.com
Andy Burnham pays tribute after Keir Starmer says he is stepping down as MP – video
In his first address to the House of Commons as prime minister, Andy Burnham paid tribute to his predecessor, Keir Starmer, who announced he was standing down as MP for Holborn and St Pancras. The Labour leader praised the former PM for his achievements, saying Starmer took the party 'from one of its worst defeats to its best victories'Keir Starmer to stand down as MP to focus on world affairs Continue reading...
bbc.co.uk
Life is too expensive for too many - PM says
Burnham said his government's first moves were designed to give people 'breathing space'.
bbc.co.uk
'We can make this next decade better than the last'
The new prime minister tells the Commons they can lift the prospects of all people in all places.
bbc.co.uk
How to get a refund when using your credit card
Consumer expert Harry Kind explains how you can get your money back.
theguardian.com
‘Not perfectly aligned’ with human values: Anthropic admits security failures behind AI hacking incidents
US owner of Claude chatbot previously said its models had hacked three organisations during testingThe US startup behind the Claude chatbot has admitted a series of hacking incidents involving its models reflected a “failure of operational security” and said it has tightened its testing procedures.Anthropic revealed in July that its models had accessed the open internet three times and gained unauthorised access to the systems of three organisations. Continue reading...
bbc.co.uk
France targets Shein and Temu with fast fashion fees
The levy on "ultra-fast fashion" items could reach almost €20 per garment by 2030.
theguardian.com
Dyson launches £420 toothbrush that films ‘live cleaning footage’ inside your mouth
James Dyson says ‘complete dental system’ will also include toothpaste and mouth rinse that each cost £8.50It is the live stream you never wanted to see but may find impossible to resist: rolling footage beamed live from inside your mouth while you are cleaning your teeth.Dyson, the home appliance maker that made its name inventing bagless vacuums and bladeless fans, has turned its attention to oral hygiene with a £420 all-singing, all-dancing toothbrush that can clean, floss and even spray tiny jets of mouthwash. Continue reading...
bbc.co.uk
I climbed the career ladder and got my dream job at 30 - then I hit burnout
Just after Jo Hooper landed her dream role at 30, she struggled with burnout and had to take time off work.
cnbc.com
Fed Governor Barr says he'll support rate hike if inflation doesn't ease
The policymaker said he's concerned about "broader price pressures taking hold" as inflation has prevailed above the Fed's 2% target.
theguardian.com
MapQuest app reaches No 1 on US Apple list after defying Trump’s Lake Ontario order
Navigating app surpasses Google and Apple Maps on top-downloaded US chart after posting ‘we’re not changing it’A pioneering online mapping app that defied Donald Trump by refusing to rename Lake Ontario has become the most in-demand navigation tool in the US.MapQuest, which was openly dismissive of the president’s 27 August executive order directing federal agencies to refer to the smallest of the Great Lakes as “Lake America” amid a trade spat with Canada, leapfrogged rivals Google Maps and Apple Maps to top the most-downloaded list, as first reported by TechCrunch. Continue reading...
bbc.co.uk
What in the World
Data suggests women make higher returns
cnbc.com
Global bond yields soar to multi-decade highs as Middle East turmoil reignites inflation fears
Bond yields surged across major markets Tuesday as U.S.-Iran hostilities revived energy and inflation risks, with Japan and U.K. yields at multi-decade highs.
theguardian.com
Firefighters rescue 27 people from broken down rollercoaster in Suffolk - video
Twenty-seven people were rescued from a rollercoaster at Pleasurewood Hills theme park in Lowestoft, Suffolk. People on the ride had reportedly been stuck for up to three hours. The theme park has apologised and said the safety of its guests was its highest priority. Visitors affected will receive a 'complimentary revisit' Continue reading...
bbc.co.uk
Ikea cuts prices as customers struggle with rising cost of living
The Swedish retailer has seen revenue decline as the rising cost of living reduces people's ability to buy new furniture.
theguardian.com
The rich and powerful are already trying to sway the next election – I have a plan to stop them | Stella Creasy
A bill proposing a cap on donations is up for debate this week. We must seize this chance to keep big money out of our politicsChristopher Harborne gave Reform £9m in one day – more than double the amount all trade unions combined gave Labour nationally and its MPs directly for the entirety of the last general election. Once such “largesse” in our politics was rare, now it is commonplace. In 2015, just 1% of donations were from individuals and companies giving £1m or more – by 2024, that figure was a third. The chequebooks of the rich and powerful are already circling the next election. The question for Labour is, are we prepared to pay the price if we refuse to stop them?The prime minister deserves credit for recognising how toxic this has become and the public support for action too. As a result, on Wednesday, measures to cap what overseas donors can give will come before parliament in the representation of the people bill. Yet focusing on location rather than the level of a donation misses how wealthy individuals can set up a UK shell company or use a UK postcode to continue to dominate our democracy. With several British millionaires already funding political entities and parties and others waiting in the wings, our goal must be to ensure no one – near or far – can buy Westminster.Stella Creasy is Labour and Cooperative MP for Walthamstow Continue reading...
cnbc.com
Toyota's hybrid RAV4 is in demand as dealers wait for more supply
When Toyota announced the new version of its SUV, it said the RAV4 would only be available as a hybrid and that production would be limited at first.
bbc.co.uk
What to do if you've been scammed
Consumer Expert Harry Kind explains how you could get you money back if you have been scammed.
cnbc.com
India rejects court order to uphold decades-old water-sharing treaty with Pakistan
The arbitration ruling adds a new layer of stress to a long-simmering water dispute between two nuclear-armed neighbors.
cnbc.com
Euro zone inflation is back above 3%. Higher interest rates are likely to follow
The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.
bbc.co.uk
AI could cause global economic downturn, Andrew Bailey warns G20
The governor of the Bank of England warned of AI's “volatility” caused by energy shocks from the US-Iran war.
theguardian.com
London Stock Exchange to lose three more firms after takeover offers
Latest purchases take value of deals to leave capital’s stock market this year past $100bnThree more London-listed companies are set to be taken over as the value of deals removing firms from the capital’s under-pressure stock market so far this year passes $100bn (£74bn).On Tuesday, Bodycote, the FTSE 250 industrials group that has been listed on the London Stock Exchange since 1972, agreed a £1.84bn takeover by the US private equity group Veritas. Continue reading...
bbc.co.uk
Shein valued at $26bn after long-awaited stock market debut
The firm's Hong Kong listing on Tuesday comes after a years-long quest to sell shares in New York and London.
theguardian.com
What does Andy Burnham's home town think of him as PM? – video
In the Warrington suburb of Culcheth, people are hopeful about what one of their own can achieve as the first northern prime minister in half a century. The Guardian's Richard Partington, who also grew up in the quiet suburb halfway between Manchester and Liverpool, gets the thoughts of local people on the new prime minister. Continue reading...
cnbc.com
A rerun of the 1997 Asian Financial Crisis? HSBC's chief economist sees significant similarities
Surging U.S. bond yields, a weak Japanese yen and tech optimism dominated the financial environment in the lead-up to the crisis.
theguardian.com
‘I feel like I’m grieving’: staff on the devastating fallout of widespread layoffs at Xbox
Last month, Microsoft’s gaming division told its workforce it was cutting 3,200 jobs, which some say will have big ramifications for game development – as well as taking a huge personal tollOn the morning of 6 July, an email went out from Asha Sharma, the chief executive of Xbox, to all of the division’s employees around the world. Under the headline “Resetting Xbox”, it announced the most significant restructuring in the history of Microsoft’s console business: 3,200 staff would be laid off throughout the financial year to 2027, and 1,600 of those roles would be eliminated immediately.An hour later, at studios throughout company, the Teams meeting invites started arriving. “It was a virtual call with our studio manager,” says Anne Barrett, who was laid off from Bethesda Game Studios Austin. “All of our cameras and microphones were turned off so we weren’t able to say anything or react to anything. We were just brought in, told the news and it was like: ‘You guys are going to lose access to your Slack channel.’ So you saw a flurry of goodbye messages before everything was just shut off.” Continue reading...
theguardian.com
From milk to sausage rolls: how vending machines could help tackle UK ‘food deserts’
Selling direct to public helps squeezed farmers control prices and improves access to food in rural areasFizzy drinks, packets of crisps and bars of chocolate: for decades, vending machines were known as a place to grab a quick snack.Now one family of farmers is trying to change that by bringing vending machines offering fresh milk and local produce – including scotch eggs, sausage rolls and brownies – to villages and other rural locations. Continue reading...
cnbc.com
Japanese borrowing costs hit 30-year high as Bessent says Tokyo may intervene to boost yen
The yen weakened to 160 per dollar on Tuesday as bond yields came under pressure, as traders eyed the potential for Japan to hike interest rates.
theguardian.com
UK house prices rise for first time since April, says Nationwide
Average price of home rose 0.2% month on month in August to £275,465 as market awaits interest rate voteHouses near top state secondary schools ‘cost £40,000 more’UK house prices increased for the first time in four months in August, according to a leading index, as buyers and sellers remained in a “holding pattern” before an expected increase in interest rates later this year.The average price of a British home rose 0.2% month on month in August to £275,465, the first increase since April, according to Nationwide. Analysts had forecast a 0.1% rise. Continue reading...
theguardian.com
Could this humble sea sponge clean up the world’s ports?
The chicken liver sponge has sailed through a test of its ability to filter pollutants in a harbour in Spain’s Costa BravaIn the polluted waters of Marina Palamós on Spain’s Costa Brava, Manuel Maldonado, a sponge biologist, noticed something unusual last month: red starfish had started settling in the area.Nearly two years earlier, the Spanish National Research Council scientist and his colleagues had begun transplanting sea sponges into the port to study whether they could survive in its polluted waters. Continue reading...
theguardian.com
Boss of City regulator accused of threatening consumer group over £9.1bn car loan scheme
FCA chief, Nikhil Rathi, warned of ‘adverse consequences’ if challenge made to settlement, court filings allegeThe boss of the UK’s financial regulator is accused of threatening a consumer group with “adverse consequences” if it blocked a £9.1bn compensation scheme meant to settle the motor finance scandal.Legal documents reviewed by the Guardian said the alleged comments by the Financial Conduct Authority (FCA) chief executive, Nikhil Rathi, amounted to “an inappropriate intervention by a public official”. Continue reading...
theguardian.com
Nimbys can’t stand in the way of Labour’s legacy: a 21st-century new town boom | Polly Toynbee
Which do Enfield’s Tories and Greens value more – a golf course or thousands of new homes? It’s a question of political valuesNew towns will again be a lasting Labour legacy, just as in the eras of Clement Attlee and Harold Wilson. Those monuments to optimism, created in the mid-20th century by pulling down slums and building better, will be joined by seven more in an attempt to ease the housing crisis.Enfield has been the exemplar, its proposed 21,000-home new town enthusiastically backed by its previous Labour council, which was struggling with 3,000 families expensively dumped into miserable temporary accommodation, and, I’m told, 7,000 on the waiting list. But in May’s elections, the great anti-Labour storm brought in a regime resisting the new town in every way it can. A minority Conservative group, propped up by the Greens (yes, Tory-backing Greens), informed the government that it was “withdrawing”. Both parties had run on an anti-new town campaign.Polly Toynbee is a Guardian columnist Continue reading...
theguardian.com
How misconceptions and woeful PR allowed Musk to shred USAID so easily | Jeremiah A Carew
A year on from the purge, with thousands of jobs cut and billions in foreign aid lost, a former leader reflects on the sorry saga – and why it would never happen to NasaA year has passed since I and thousands of colleagues lost our jobs at USAID. Asking myself “Why us?” I have come to the conclusion that the American public had very little idea of what we were doing and why.Doge, the “department of government efficiency”, began its work in January 2025, with USAID as its first target, in a reckless campaign that even Elon Musk has said he would not repeat. At that moment of chaos, Americans lacked the knowledge that could contradict the false narrative presented by Musk, who called the agency a “criminal organisation” and “a viper’s nest of radical left-marxists who hate America”. Continue reading...
theguardian.com
My abusive and aggressive partner left me but O2 insists I meet him in person
I need to take him off my family account, but it says the only way is for him to join me for a joint call with O2My partner packed up and disappeared with his children while I was out with friends. I was left having to foot all our bills, including rent, which has made me financially stressed.We had a family plan with O2 which meant family phones were all registered to my account. When my partner left, he stopped paying his share of the monthly phone bill, so I set about trying to remove his, and his children’s, phones from the account. O2 explained he would need to join a conference call with me and O2 to agree the transfer of the numbers in question. Continue reading...
bbc.co.uk
'I'm on a mission to convince people to work less'
Jo Hooper spent her 20s chasing career success, but had two work-related breakdowns before she was 31.
cnbc.com
These emerging markets are favored to get 'a wall of money' from carry trades
Emerging markets could attract more capital as Treasury bond buyback plans weaken the dollar and support carry trades, analysts say.
theguardian.com
Price rises gather pace in UK shops amid higher energy costs
In-store inflation rises to an annual 1.5% in August, according to a survey for the British Retail ConsortiumThe pace of price rises in UK shops rose to its highest level in two years in August, a trade body index shows, with higher energy costs pushing up the price of food and AI chip demand making technology more expensive.In-store inflation stepped up to 1.5% year on year in August, up from 0.9% in July, led by prices for tinned and packaged food which increased by 2.5% against 1.1% in the prior month, according to data from the research company NIQ for the British Retail Consortium. Continue reading...
theguardian.com
Dry weather sewage discharges soar as water companies face scrutiny
Exclusive: 7,280 suspected illegal spills in rivers and sea recorded in first five months of 2026The number of suspected illegal discharges of raw sewage into rivers and seas by water companies during dry weather increased significantly during the first five months of 2026.Dumping raw sewage into waterways during dry spells via overflows amounts to pollution. It is considered a breach of the permits given to water companies and is illegal. Discharging during dry weather increases the toxicity of the sewage pollution entering waterways. Rivers have less flow and volume, and there is no rainwater to dilute the sewage pollution entering the waterway. Continue reading...
theguardian.com
‘A huge learning curve’: apprentices on the benefits and pitfalls of vocational training
While many young people have found jobs and built careers, some have struggled to complete their coursesThe crisis in the youth employment market, with almost a million young people not in education, employment or training (Neet) across the UK, has placed fresh emphasis on ways of getting employees into the workforce.The government hopes to increase focus on technical and vocational learning in England from the age of 14. In parallel, there is an ambition to create thousands more apprenticeships. Continue reading...
theguardian.com
Madrid residents brace for noise and disruption from new F1 circuit
City council emphasises economic case for Madring amid local outrage over disruption and environmental impactOpponents of Madrid’s newly constructed Formula One circuit have accused the regional authorities of putting profit before people’s wellbeing after tests for the inaugural Spanish Grand Prix at the track later this month yielded noise levels that were many times the legal decibel limit.The regional government of Madrid and the city council are hoping that the 5.4km-long (3.3 miles) Madring circuit – which has been built in the north-east of the Spanish capital at a cost of €83m (£71m) – will attract visitors, boost the local economy and put the city firmly on the motor racing map. The Madring bills itself as “a perfectly connected circuit: just 20 minutes from the city centre”. Continue reading...
theguardian.com
From Bill Gates to Bernie Sanders, most agree the AI arms race is disastrous. Only Europe can make it stop | Alexander Hurst
An EU export ban on Dutch tech giant ASML’s machines could force the pause we all needAt this point, it should be clear that AI is a choose-your-own-adventure book where every option ends in disaster. Exploding carbon emissions and ecological collapse? Turn to page 37. Other outcomes include some or all of: the bubble bursting and an ensuing financial crisis; mass unemployment via automation; the end of democracy and the rise of authoritarian surveillance states; raving cults who believe the pattern-matching algorithm is a consciousness; terrorists who create devastating bioweapons; nation states that deploy autonomous weapons systems that act on non-human timeframes; nation states or terrorists that hack all the myriad systems we depend on; or an AI that, conscious or not, pursues directives that are at odds with human wellbeing.Imagining that people such as Elon Musk, the OpenAI boss, Sam Altman, Palantir’s Peter Thiel and the Trump administration tech adviser Marc Andreessen will lead us to a utopian future of flourishing environmentalism, social harmony and endless leisure requires hallucination and sycophancy so great that that choose-your-own-adventure scenario could only have been written by ChatGPT.Alexander Hurst writes for Guardian Europe from Paris. His memoir Generation Desperation is out now Continue reading...
theguardian.com
Child trust fund firms face review over efforts to find who owns £1.5bn worth of pots
Exclusive: FCA pressures firms to do more to sort 760,000 accounts as watchdog urges families to use free tracking serviceChild trust fund providers are being put under the spotlight to check they are treating savers fairly and doing all they can to reunite young people with lost accounts.The Financial Conduct Authority (FCA) said about 760,000 accounts worth an average of £2,000 were yet to be claimed – more than £1.5bn in total – as it launched a review of the market. Continue reading...
theguardian.com
Iceland’s close ties with EU mean no vote is not a Brexit-style rejection
A yes to membership would have given Brussels a boost but Icelanders have not voted to isolate themselves Iceland’s 52.8% to 47.2% vote against reopening EU accession talks is, undeniably, a blow for Brussels. But claiming it as a Brexit-style victory for “national sovereignty” or evidence of broad rejection of the EU misrepresents the reality of the island’s relationship with the bloc.For the EU, Iceland was a dream candidate: small, stable, prosperous and strategically located in an increasingly contested Arctic. Eager as it is to wield more geopolitical clout and revive flagging momentum around enlargement, a vote in favour would have given Brussels a very welcome boost. Continue reading...
bbc.co.uk
Feeling nostalgic for summer? How to beat the back-to-work blues
Going back to work after a summer holiday can be tricky - here are a few tips to make it easier.
theguardian.com
UK houses near top state secondary schools cost £40,000 more, research reveals
Premium of nearly 10% paid by housebuyers comparable with cost of a cheaper private school over seven yearsA house near a top state secondary school costs an extra £40,000 on average, according to research that reveals education premiums that rank alongside some private school fees.The average property in a postcode district that includes a top 50 state secondary commands a price tag of £415,791, compared with £375,217 across the wider local authority areas in which those schools are located, a UK-wide analysis by the estate agent Yopa found. Continue reading...
cnbc.com
CNBC's The China Connection newsletter: McKinsey's contrarian economic view
In many ways it seems that the party has ended for many U.S. and European corporations that once enjoyed a big advantage in China.
theguardian.com
Pabst offers reward after beer heist from California warehouse: ‘PS, this is real’
Company is offering cash reward for 40,000lb stolen cargo, and turns theft into lighthearted social media promotionPabst is offering a reward after tens of thousands of cans of its Blue Ribbon beer were stolen from the company’s southern California warehouse two weeks ago – if it is all safely returned.In Instagram posts, Pabst put the weight of the stolen cargo at 40,000lb (18,000kg) and started a countdown seeking its return. Continue reading...
bbc.co.uk
Amazon rigged $20bn worth of ad prices, US lawsuit alleges
Amazon responded to the lawsuit, arguing the US Federal Trade Commission "misunderstands" their ad market.
theguardian.com
US trade regulator and 22 states accuse Amazon of taking $20bn with secret surcharges
FTC alleges in lawsuit that online retailer ‘secretly and systematically overcharged’ advertisers for yearsThe US’s main trade regulator and 22 states sued Amazon on Monday, alleging the online retailer “secretly and systematically overcharged” advertisers on Amazon.com.The Federal Trade Commission (FTC) said these practices led to higher costs for customers on items like groceries and other essential goods that are sold on Amazon. Continue reading...
bbc.co.uk
Victoria Beckham's company makes its first profit after 18 years
Beckham's fashion and beauty business makes a £7.3m operating profit after years of losses.
theguardian.com
The Guardian view on regulating big tech: Meta has got off too lightly | Editorial
New child safety measures are welcome, but the wider risks posed by these platforms remain unaddressed “Hook, hold, harvest and hide” was how Megan O’Neill, a lawyer for the US state of California, characterised Meta’s business model in the trial that ended last week with an $18bn settlement, to be shared between the states and territories that brought the case. It was a clever way to describe the company’s approach to users’ attention and data. But the sharpness of her words was not matched by the deal. While the strengthening of child safety features is welcome, the tech giant once again batted off efforts to alter its products.Meta’s decision to settle enabled it to avoid any admission of liability. It put a stop to the awkward questions being asked of witnesses including Adam Mosseri, Instagram’s CEO, and the damaging claims made by whistleblowers such as Arturo Béjar. This former Meta safety engineer told the court that his own daughter had been sent unsolicited photos of male genitals on Instagram.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
£4,000 for a teddy bear?! How cuddly toys became luxury items
Designs by Louis Vuitton, suits by Savile Row: these are not your run-of-the-mill teddies. But who’s buying them?Name: Teddy bears.Age: 124 years old. Continue reading...
theguardian.com
Burnham’s bumpy ride ahead: PM’s in-tray full of dilemmas as parliament returns
Labour leader faces tough decisions on issues such as North Sea drilling, electoral reform and defence spendingAfter a relatively cheery summer in which he announced a range of eye-catching cost of living policies, Andy Burnham may find his return to parliament this week to be a rude awakening.While the new prime minister has enjoyed some success in the polls, he is faced with many of the same problems that stymied Keir Starmer and has some difficult and unpopular choices to make. Continue reading...
cnbc.com
India’s economy expands 7.8% in fiscal first quarter, beating estimates
The economy was driven by a strong performance in the financial, real estate, information technology and professional services sectors.
theguardian.com
‘Revenge of the Rust belt’: Starbucks film-maker on Baristas vs Billionaires
Director Mark Mori followed coffee chain workers’ struggle to unionize: ‘These young kids are so inspirational’As the food service industry was pushed on to the frontlines of the Covid-19 pandemic in 2021, workers at Starbucks stores in the Buffalo region of New York went public to announce their union-organizing campaign.Their efforts, and Starbucks’ responses, have culminated in one of the most expansive union-organizing campaigns – and one of the most aggressive union-busting campaigns – in modern US history. Continue reading...
theguardian.com
It’s time to get shirty about the short life of the football top
With millions of club shirts going to waste every season, a radical recycling rethink is neededWhen Joanna Czutkowna buried a Manchester United jersey, a cotton T-shirt and a wool-cotton jumper in her Lancashire farm and dug it up a year later, the video went viral. The T-shirt had disappeared, apart from the seams (sewn with polyester thread), the jumper was 80% gone, but the United shirt remained – grubby but indestructible. (Insert joke here)The big reveal was not a surprise, certainly not to Czutkowna, who has worked in textiles and sustainability for 20 years, but it was a reminder: a football jersey is not just for Christmas, or even the next hundred Christmases. Continue reading...
theguardian.com
First-time buyer Isa v lifetime Isa – which one should you choose?
Despite plans to scrap the lifetime Isa, experts still advise you open one now and not wait for the new first-time buyer account to launchIf you want to start saving towards your first home, don’t wait until a new Isa just for first-time buyers goes on sale. That is the advice from experts after more details emerged about a savings account the government plans to launch to help people get a foot on the property ladder.The first-time buyer Isa is likely to replace the existing lifetime Isa in two years and is supposed to be simpler than the older account. However, it looks as if the financial benefits won’t be as attractive as those offered by the current product, so there’s no advantage in hanging around. Continue reading...
bbc.co.uk
'My parents won't lend me £10k but helped my brother': When families play financial favourites
So-called financial favouritism can cause jealousy and resentment long into adulthood. Here is how experts say you can avoid it
theguardian.com
‘Without us, no wheel would turn’: the unsung heroes keeping England’s transport moving
On shift, but out of sight ? from ?that person with the table tennis bats? on the airport tarmac to remote signallers managing rail trafficNot many people get to park their car here ? bang in the middle of Heathrow airport, on the taxiway just a stretch of grass away from where a line of passenger planes is coming in to land.It?s close enough to see the shimmering air and smoke as nose tyres hit the tarmac. ?An o80 will put down as much rubber as a car?s entire tyre,? Jack Quantick-Thorne says. He knows ? part of his job is to ensure the runway team scrapes it off and patches things up overnight. And it is all recycled, he adds. Continue reading...
theguardian.com
‘It’s therapy by stealth’: the adult fans helping Lego build its billions in sales
A growing number of people are rediscovering their love of plastic bricks in later life and boosting the Danish company’s bottom lineIn a cosy cafe in Kingston upon Thames on the outskirts of London, nine people gather in the early evening to drink and talk. To the casual observer it may look like a book club, but when the friends reach into their bags it’s not paperbacks they produce – but packs of Lego.Geoff Lay, who organised the gathering, worked in software development before recently starting Noble Brick, a Lego-focused events organisation. Continue reading...
theguardian.com
‘You’re at war when you get attacked’: Mark Carney shows combative nature in face-off with Trump
The Canadian PM is one of the few world leaders to stand up to the US president. Former colleagues say they are not surprisedMark Carney stood before a walnut-veneered lectern, his face drawn tight, as he announced that talks with Canada’s biggest trading partner had collapsed. “Last spring, I warned that America is trying to break us so that they can own us,” he said. “And I promised: that will never, ever happen. We are keeping that promise.”For years, the former central bank governor had worked hard to calm markets. Now, he was asking Canadians to accept uncertainty and confrontation. Continue reading...
bbc.co.uk
What do you spend too much on?
Central London shoppers reveal what they love to splash out on - and share their tips for not overspending.
bbc.co.uk
Overcooked? Why robotic pizza makers are failing
A string of failures has sapped confidence that robots will take over production at pizza restaurants.
bbc.co.uk
How Dolly Parton's business savvy helped her succeed far beyond the charts
While country music and films brought her fame, her entrepreneurial zeal brought her fortune.
bbc.co.uk
Firms scramble for battery power in Spain and Portugal
After last year's massive power failure Spanish and Portuguese firms are buying battery back ups.
bbc.co.uk
Drought leaves 'barely any apples' to make cider
Some orchards are harvesting just a 10th of their usual crop, and facing an uncertain future.
bbc.co.uk
'What you see is what you pay' - why some US restaurants are banning tips
Tips are central to US dining culture but some eateries think that they are unfair.
bbc.co.uk
How landscape gardening is being electrified
The switch to quieter electric equipment is not going as fast as some would like.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
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